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problem, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does
. >> i want to -- you look at all the numbers we got this week, the gdp report, the economy technically shrinking by 0.1 for the fourth quarter and most of it being chalked up to government -- to the lack of government spending particularly in the defense industry. and yet there were other parts of it in the private sector that looked strong. what's the reality here? are we an economy that's growing, that's recovering, or are we in an economy that's still on shaky ground? >> we're growing and we're recovering. the economy as measured by, say, gdp, that's kind of the economy's bottom line, that's the value of all the things we produce, that's been going 2%, 2.5%, and i don't think it's changed, that's about what we're growing right now. that's okay. but it's certainly not good enough in the context of the 7%, now 7.9% unemployment rate. yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer c
of a shadowy economy for too long. husbands and wives are afraid to be torn apart. children are afraid their parents will be deported. our lawmakers should finally bring them into the light. joining me now is richard wolffe and victoria defrancesco soto. let me go to you. immigration reform is now inches closer to what is happening. is this true in your opinion that we are seeing what is actually inching closer and closer into reality? >> reverend, it won't be easy, but i do believe it will happen. this is a very strong initiative that we see being put forward by both the bipartisan senate committee and by the president. and it is so strong. because it is a piece of legislation that has learned from the mistakes of the past two immigration reforms. so in 1965, the heart seller act focussed on family reunification but ignored workers and the need for workers to come to the u.s. that's really the main route of documented immigration today. with the immigration reforming control act, it put forward employer sanctions. but it had no teeth. so we saw the big failures of both of these immigr
' they're even willing to hurt the economy itself. it's that's what it takes to hurt the president, they're willing to do it. >> any immediate economic setback or the perception of one could weaken obama's clout. maybe a sour economy is worth it if it will distract obama. >> there's a lot of talk these days about how the gop can come back politically. the quickest possible way politically with a contracting economy, if it happened again in the next quarter, that's a recession. >> shrinking the economy is a gop plan for a quick comeback? a sowerer economy is worth it if it distracts obama? folks, they really mean this. but despite it all. , the economy is improving under this president. we now have 35 straight months of private sector job growth. we've also learned today the economy added over 2 million jobs last year. the best year for the jobs since 2005. republicans are playing politics with people's lives. they're obsessed with cuts instead of jobs. they're focused on spending instead of hiring. the president kept his job because the american people trust him to create jobs for them.
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
's economy. david cay johnston on today's troubling gdp report. >>> bobby jindal breaks his own rule. >> we've got to stop being the stupid party. >> find out how the poor in his state are about to start suffering on friday. >>> and brand-new polling proves again that we're living in a center-left country. tonight i'll tell you why it's up to one person to keep it that way. good to have you with us tonight, folks. thanks for watching. an emotional scene on capitol hill today. former congresswoman gabrielle giffords returned to congress for a senate hearing on gun violence. two years ago, giffords was shot in the head during a shooting spree that killed six people in tucson, arizona. the 71 words gifford spoke today did not come easy for her. but her message is one every american needs to hear. >> thank you for inviting me. here today. this is an important conversation for our children, for our communities, for democrats and republicans. speaking is difficult, but i need to say something important. violence is a big problem. too many children are dying. too many children. we must do somethin
expertise. >> after the competent -- after the break -- after the economy. after the break, the economy can transfer for the first time since the start of president obama's first term, and congressional republicans are quick to point the finger, except it was some of those very same lawmaker who's played a hand in the downturn. we will look at the new normal next on "now." [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> yesterday the commerce department reported that the u.s. economy shrank for the first time in three and a half years. down .1%. amid
a new set of challenges after the commerce department reported yesterday that the nation's economy shrank for the first time since the great recession. >> how did that happen? >> well, government data shows the gross domestic product contracted at a .1% rate in the fourth quarter of 2012. it was the first decline since 2009. it put the white house on the defensive after months of touting steady job growth. >> there's more work to do, and our economy is facing a major headwind which goes to your point, and that's republicans in congress. talk about letting the sequester kick in, as though that were an acceptable thing belies where republicans were on this issue not that long ago, and it makes clear, again, that this is political brinksmanship of the kind that results in one primary victim, and that's american taxpayers, the american middle class. >> okay. what do you think is going on there, joe? >> i think what's going on is that we have spent more money as a government over the past four years than we have in the history of the republic. added $6 trillion in debt. and we have just
and down. and i think this has a lot to do with what i think you'll be talking about later, the economy is starting to rebound. people are slowly starting to get back into work. not looking dismal. they're not seeing the emergency measures for the economy like t.a.r.p. or the major stimulus and that has lowered the temperature on the right. in 2010 and 2011, when you looked at the republican party and when the republican party looked at itself, they thought, we are facing a permanent resolution on the right where if we don't vote this way, there will be another tea party challenger and another tea party challenger. although these efforts like karl rove's are getting started now, they're finding out there isn't an endless bench of tea party candidates that can win primaries. that has loosened it up for them to make a little bit of room on immigration reform. >> these election res important. they matter. and i think that republicans, you know, want to win senate seats. they want to win the presidency. >> political science 101, a party exit exists to get elected, right? >> but the question
be paid. when that goes into the family checkbook, it will go right in to the economy which we need right now. to buy shoes, to buy food, to do all the things that occur in the real economy. so we think it's great social policy, but we think it's an economic mandate. >> and senator boxer, that is a fact because with $10,000 less a year, then they earned with men, women could buy, if they had that money, 92 weeks of groceries or 13 months of rent or 39 months of family health insurance premium. i mean, we're talking food, housing, health care. this isn't just a little extra money. this is vital, especially for single moms. >> it is so critical. and it is, you know, what happens is we have a consumer-driven economy. about 70% of our economy depends on the consumer going out and spending. so when senator mikulski describes this, she's exactly right. an when you take it to a further level, it's critical. it's critical for the family. it's critical for retirement. it's critical for the economy. so all of this means we're going to have a real strong push. and i think this year, maybe we'll get
, grow the economy. but in the last quarter of 2012, government spending, yes, government spending fell 6.6%. defense spending was down more than 22 pnt. and how did that affect the economy? last quarter, the gdp, which measures the economy, fell 0.1%. and 38,000 more people filed jobless claims last week than the week before. this is seersz. the economy is moouing in the right direction. but we can be the take our eye off the ball. we can't just cut, cut, cut. republicans ignore the real impact cuts have on the economy. do they think we wouldn't point it out? nice try, but cut it out because we gotchya. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans
. >>> in his weekly address, president obama gave an upbeat outlook for the economy this year. >> we are poised to grow in 2013. the real signs of progress, home prices are starting to climb again. sales are at a five-year high. manufacturing is roaring back. businesses created $2.2 million jobs last year. we just learned our economy created more jobs over the past few months than originally thought. >> joining me is elijah cummings. sir, nice to see you. thanks for joining me. it was a mixed bag for the economy. the gdp detracted but there were good numbers in the report. listening to the president, he sounded optimistic. how do you see the economy? >> i see the economy as being fragile. but definitely moving in the right direction. alex, it's why we have to be so careful with regard to what we do in congress. a lot of the problems that could come about with regard to gdp is a result of the public and business feeling a certain level of uncertainty. we have to make -- we have to do what we are supposed to do in congress, come to reasonable decisions. we have to have some cuts. those cuts have
's lives. that means we want to advance pro-growth reforms good for the economy. there are immigration things that are good for the economy. >> immigration was the first policy he talked about when he talked about pro-growth reforms. some workers, who are typically recovering, the best way to help them is with better training, better generous income tax credit, that is easier to provide in a growing economy with younger workers than in a sluggish one with budget deficits. immigration is not what hurts them, and it is not standing in the way of aiding them. in 2007, the congressional budget office found that legalizing undocumented immigrants would increase revenue by $48 billion, while costing only $3 billion increased public services. and that is before you get into the broader economic benefits. there are very few free lunches in public policy. usually it is a realm of hard choices, but taking advantage of our unique position as the country with the world's best and brightest, desperately a way to go? that is surely correct. "the ed show" is up next. >>> good evening, americans, and
to republicans today demanding they move quickly to stop devastating budget cuts that could damage the economy and throw hundreds of thousands of people out of work. these are automatic cuts the congress agreed to. and they're going to go into effect in three weeks unless lawmakers act now. the president is fighting the republicans cut, cut, cut obsession. >> we can't just cut our way to prosperity. deep cuts to things like education and training, energy and national security will cost us jobs. and it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks out there still looking for work. our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> this self-inflicted wound would include massive cuts to virtually every government program. from medicare and housing to head start and food aid for children. the president wants republicans to delay those cuts through a balanced approach that would force corporations and the wealthy to giv
unemployment at 14.4%. in the words of ed koch, how'm i doing? how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the job increa
of the entire economy should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> our first read team notes that while republicans want to solely talk about the budget the white house does not want to be bogged down on one issue that in the past cost hem political capital. quote, the obama white house wants to overled wa's political circuits to see what it can get through congress without letting congress define what issues get addressed. joining us now kelly o'donnell. our first read team noted the p talking about guns, immigration and today addressing the issue of the sequester. >> reporter: well, there is that sprint in the first year of his second term to try to get as much done as possible. and urgency on all these issues for different reasons. and when it comes to the sequester, the automatic budget cuts, kind of an odd term for what's meant to be automatic sweeping cuts across the board for the departments with a few exceptions. that was put in place a
'm chris jansing. the economy is back in the spotlight. we just got the first jobs report of the year. unemployment ticked up .1% to 7.9% for january, adding 157,000 jobs. that is about what was expected, and continues the slow but steady economic recovery. it comes right after we learned the u.s. economy shrank for the first time in three years. gdp fell up .1% in the fourth quarter of 2012. part of the economic pause was because of hurricane sandy. but it was also because of big cuts in defense spending. >>> we also learned yesterday that members of the president's job council are out of a job. the council had a two-year charter that will not be renewed. this morning, speaker john boehner said this is the wrong time for president obama to scrap his jobs council and delay his budget. month after month, we see the same thing, high unemployment and even more debt. the white house knew this criticism was coming. >> when we hear some of the somewhat ridiculous criticisms about this, they come from people on capitol hill who have consistently opposed every growth initiative and job creati
if the government is hurting the economy and keeping people from being enthusiastic or excited because of all the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the st
's the time to do this so we can strengthen our economy. and strengthen our country's future. think about it. we define ourselves as a nation of immigrants. that's who we are in our bones. the promise we see in those who come here from every corner of the globe, that's always been one of our greatest strengths. it keeps our workforce young. it keeps our country on the cutting edge. and it's helped build the greatest economic engine the world has ever known. after all, immigrants help start businesses like google and yaho yahoo!. they created new industries that created new jobs and new prosperity for our citizens. in recent years, one in four high-tech start-ups in america were founded by immigrants. one in four new small business owners were immigrants including right here in nevada. folks who came here seeking opportunity and now want to share that opportunity with other americans. but we all know that today we have an immigration system that's out of date and badly broken. a system that's holding us back instead of helping us grow our economy and strengthen our middle class. right now, we
economy. ordinary folks, they do their jobs. the notion that our elected leadership can't do the same thing is mind boggling to him. it needs to stop. >> this is not a complicated concept. >> he's standing strong. and that's making it even harder for an already divided gop to regroup. take exhibit a. earlier today, tagg romney's name was floated as a possible gop senate candidate in massachusetts. he's since bowed out. guess he saw what happened to the last romney. . >>> and then there's this. gop donors are turning to karl rove to help weed out far right candidates in upcoming races. really? isn't he the guy who blew $300 million in the last election? whose super pac had a 1% success rate? yeah, that guy. and, boy is the tea party upset. freedom works slammed rove's group saying the empire is striking back. calling him orwellian. it's full-on gop warfare. it's gop civil war. joining me now is michael steele and dana millbank. thank you both for coming on the show tonight. >> good to see you, rev. >> michael, karl rove to save the party from the tea party, do you buy it? >> no, i don'
leaders have said our economy is poised for progress in 2013, and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong and we have created more than six million jobs in the last 35 months. we've also seen the effects that our political dysfunction -- the drawn-out process for resolving the fiscal cliff. the threat of massive automatic cuts have already started to affect business decisions. we've been reminded while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep indiscriminate cuts to things like education and training, energy, and national security will cost us jobs. it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. the good news is this doesn't have to happen. for all the drama and disagreements we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 tr
to find a serious piece of economic evidence that low-end immigration is overall bad for the economy. it's good. it's a net -- it's a net positive for the economy. all kinds of immigration. because those folks that are coming in. particularly if they're on a path to legalization, are not doing the same task. they're not going for the same jobs as, say, an american with a high school degree. ultimately, this raises all those, and it's something that the dynamism of our country is based upon. >> and at the same time, the president, as he's done successfully in the past, he's got this idea to win over the public. let me play for you a little part of that big speech he gave in las vegas. >> remember that this is not just a debate about policy. it's about people. it's about men and women. and young people, who want nothing more than the chance to earn their way into the american story. >> there's a new gallup poll out today, chris. he has a 70% approval rating with hispanics. we know they voted for him by 71%. both sides are doing various things to try to court that vote. the republicans got
and lots of attention. one thing that wasn't really in there in any specificity was the economy. it's a way forward on how she thinks the next right steps or what he thinks the next right steps are on the economy. there's some sort of gray area here in where he wants to head. >> now, before we get to chuck hagel, the sort of train wreck that happened yesterday, ruth marcus, the white house is coming out or hhs is coming out with new rules to liberalize the guidelines so that religious institutions are somewhat insulated, somewhat more insulateded. first of all, they're going to more broadly define religious institutions. also, give a separate provider so that the religious institutions themselves don't have to provide birth control to their employees. >> well, first of all, you said white house, and even though hhs issues these guidelines, one can be fairly sure that the white house was closely following this because this has been a difficult issue for them. what they did today was really an elaboration of a plan that they had proposed earlier. the theory, as i understand it, is that it won
spending, we can't just cut our way to prosperity. our economy right now is headed in the right direction. and it will stay that way as long as there aren't anymore self-inflicted wounds. >> that was president obama this afternoon calling on congress to delay automatic defense and spending cuts that go in to effect in three weeks. talking $85 billion this year alone. more than a trillion dollars over the next decade. the president warned of a major hit to jobs and economy on march 1st if washington doesn't act. republicans quick to pounce ahead of the planned speech. don't look now, america, but your president is proposing another short-term fix for the economy and the spending problem. joining us now in the guest spot is msnbc contributor howard fineman. howard, so in the president's statement today he revived basically the broad framework for about the 47,000th time called the grand bargain and offered up basically in the summer of 2011 and the run-up to the debt ceiling, and in the run-up to the fiscal cliff, excuse me, about a month idago, this idea of $600 billion in new revenue and
't come back in. dealing with that is a critical component. >> that's a part of it. this economy cannot function without people to do the jobs americans won't do. >> quickly, with that said, we would be fooling ourselves this morning if we didn't look at this immigration debate and understand there might not be a tinge of the gun debate involved where you have people in new york and people in washington and people at the networks and national newspapers all supporting this and even a lot of the leaders inside washington d.c. where the rest of america is a bit more wary and skeptical. if you don't believe that, go to the conservative websites, the national review, go to several others. the "wall street journal" says it is a promising framework and i think it is. there are a lot of conservative outlets that have yet to weigh in on this aggressively. they will start that now. the phone calls will start the congressional offices and just like the gun debate, you will have people energized who want this bill killed and congress will get 10-1 calls against this immigration bill and they have
stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >>> a few relevant facts as we bring the conversation to talk about the actual policy details of the comprehensive immigration reform. one is something, arturo, you just mentioned, which is the flow has drastically decreased. 1991, annual immigration, 370,000. by 2000, up to 770,000. a lot of this has to
of this. first, the numbers. the nation's economy added 157,000 jobs in january, and the unemployment rate, well, it ticked up to 7.9%. but the jobs numbers for november and december were revised upwards significantly. this means more than two million jobs were created last year. the best number since 2005 and better than seven out of eight years in the bush/cheney era. . now the economy has now gained 5.5 million jobs out of the 8.74 million jobs lost in the great recession. we got a long way to go. no doubt about it. now the stock market is on a roll. it topped 14,000 today for the first time since 2007. 100,000 construction jobs were added in the last four months of 2012, and today chrysler posted its highest sales in five years. and there is another side of this story, of course. millions of people are still out of work. the economy actually shrank by a tenth of a point last quarter because of what? government cutbacks. 2/3 of americans are planning to delay the retirement according to "the wall street journal" because of the financial losses. income stagnation and layoffs over the pas
department. we also didn't realize you were in charge of our economy. just this week, the new gross domestic product number came out, and it turned out here is the a.p. headline that said, defense cuts cause economy to shrink. a plunge in defense spending plummeted the economy into negative territory for the first time since mid-2009. defense spending plummeted for the first time in nearly 40 years. nearly all the cuts were in services, maintenance, and personnel support. this is even before those automatic spending cuts kick in in march. these are the cuts that you guys agreed to back in 2011 that finally kicked in. what is going -- first of all, is the sequester going to happen? >> i certainly hope not. if congress stands back and allows sequester to take place, i think it would really be a shameful and irresponsible act. >> but are you preparing for it? >> we have to prepare for it because, you know, there are members up on the capitol hill that are saying, oh, no, we're going to stand back and let sequester happen. let me tell you, sequester happens, it is going to badly damage the readi
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
on that hostage situation. we switch gears to talk about the u.s. economy and it shrank a tenth of a percent, the first time in three and a half years. >>> thousands of residents are in the dark of severe storms and help is on the way for millions impacted by hurricane sandy. president obama signing a $55 billion aid package in emergency relief. in syria, an unprecedented mass murder much civilians, the bodies of 65 people found near a river, some with their hands tied behind their backs. >>> toyota is recalling 1 million of its kroel las and lexus sedans manufactured between 2001 and 2004 because the air bags can improperly inflate. in japan, a major airliner is reporting it replaced batteries of dreamliner jet liner ten times before they were gounded earlier this month. >>> another black eye for baseball. new york yankees star alex rodriguez is among seven major leaguers who bought performance enhancing drugs as recently as last year. >>> we want to take you back to the big story we've been following this morning. the committee hearing taking place on what to do about gun violence in ameri
weigh in on the hot topic and the u.s. economy shrinks for the first time since the recession end. what does that mean? we will get the first read with our senior editor mark murray. >>> the white house is responding to the u.s. economy shrank in the fourth quarter. the first time since the recession ended. the white house cites hurricane sandy and sharp cuts and a short time ago, jay carney laid the blame from republicans. >> at least some of that has to do with the uncertainty created by the prospect. talk about letting the sequester kick in as though it were an acceptable thing. it belies where republicans were on the issue not that long ago. >> reaction from the post, mikes. consider yourself warned. we have seen battles turn into the credit rating and the economy shrinking for the first time since the recession and carney or the white house believes it's a part of this sequestration we are facing. >> it's important to look at the broad trinity economy over the past two years. for every step or two we see data showing a step backwards. that's the way to read the gdp members. it's a
position on the economy has been congressman paul ryan, who chairs the house budget committee. and just as mr. ryan has problems recalling his exact marathon time, so he appears to have real problems with who was responsible for the sequester in the first place. >> we think the sequesters will happen because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> and while the republican approach to the fast approaching sequester leads them to rewrite history and ignore the potential for economic disaster, mr. ryan's friend and colleague, eric cantor, was also out delivering his own version of republican revisionism. >> our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. >> that was mr. eric cantor 6.0-let's turn to representative keith ellison, democrat from the state of minnesota. and to my colleague, joy reid, who is managing editor of thegrio.com. congressman, it seems to me, sir, we have a major collision today. on the one hand, we ha
that governors and state legislatures and state lawmakers are focussing on things like this and not the economy and jobs, the worse off it is for them. >> you are starting to see, interestingly, a bit of a pullback by some of the republicans even on these democracy issues, even on voting. governor rick scott in florida who was behind the laws that made it impossible for that well known radical sect, the league of women voters of florida. >> voter registration. >> they are behind those laws which were blocked by the courts. now rick scott has come in and said, you know what, we need to expand early voting. we need to go a different way because he knows that the voters actually will vote based on this, and, you know, this is what i hope is a potential glimmer of possibility for something to move forward. president obama in his inaugural address and on election night said we need to do something about the way we run elections. >> indeed we do. >> that's a chance the country ought to try to take because not to rig the game, but to take kind of commonsense steps to modernize voter registration. >> g
this is important. the bess they can we can do for the economy is to get this immigration -- comprehensive immigration reform right and get it done now. >> indeed. david, despite what we have just heard from the congressman who is very enthusiastic, rush limbaugh says the government's dole is what lures immigrants here. take a listen. >> i have seen a number of research, scholarly research data, which says that vast majority of arriving immigrants today come here because they believe that government is the source of prosperity. >> so that heaving mass of poison says that the borders are literally stacked full of people coming to take entitlements and benefits. >> yaen time yanytime you hear word scholarly research data and rush limbaugh together you know something is wrong. the congressman just told us a very shorthand story of his own family. obviously that one anecdote and many others we know of disprove what rush limbaugh is saying. but i think the extreme misuse of facts, which is not unusual for him, is also a sign of desperation because this is going to -- i think this has and will c
&d, infrastructure, the sort of things that will grow this economy, the sort of things that are investments in the future that help us grow economically right now. can't we do both, christie? >> i think we have to do both. i think it's certainly what john podesta and the center for american progress have argued for from the beginning, which is a balance add approach. and your point, joe, which is that there's a difference between investment and expense. and those of us who believe government has a critical role to play have to be for smart government. and i think that this election may be something of a turning point in that instead of arguing about whether there is a role for government and whether government is the problem, we now see whether it's around an issue like immigration or whether it's around the fiscal issues, the necessity of looking to government for leadership in terms of what will actually create a fair playing field, and that's about tax reform. that's about a balance between growth-oriented policies and appropriate spending cuts. >> joe? >> you know, there are things, jon
developing this morning, news that the economy unexpectedly contracted in the last quarter of 2012. most of it is a result of weaker expo exports, decreased military spending and other factors. we'll be keeping an eye on the markets this morning to see how they react to this. there was an expectation that there would be some slowdown in the economy, but an actual contraction did catch a bunch of analysts off guard. let's get right to my first reads of the morning. speaking of the economy and jobs, they continue to be issues. the public says they care most about. but it isn't dominating capitol hill. does that change today, by the way? but guns and immigration are taking up most of the political oxygen, just about an hour from now. the next phase of the fight begins on the gun issue. former congresswoman gabrielle giffords returns to capitol hill two years after she was seriously injured in the mass shooting that killed six people in arizona. she will be joined by her husband, mark kelly. they face off with wayne lapierre. it's the first senate hearing on gun violence. >> the only thing t
to that contraction we saw in gdp in the fourth quarter. so calms people down a little bit about where this economy is headed. >> if we look over the trends that are going, and we look back over the unemployment rate, and we have from august to january, we can see where we have been going, and, you know, flirting, going down and in the right direction. but why are people looking at this and being optimistic about something big that's on the hill that's coming ahead of us? >> during periods of economic expansion, typically these numbers get revised upward as we go true a recovery. and that's what's been happening. each month is being revised upward as december and november were. so now we're seeing a likelihood this 157 can be revised upward as well. we're going in the right direction. the unemployment rate is always a bit of statistical noise. and the economy, generally speaking, is firing on more cylinders than most people realize. manufacturing, doing a little bit better, construction doing better. even retail trade, which typically lays people off in january after the holidays had an uptick in e
with republicans over the economy which would quickly come to define his second term. today, he makes the case on immigration to business leaders, including ceos like steve case and monica lozano from his now disbanded jobs council and chief executives of coca-cola and yahoo!. he also meets with labor and progressive leaders. the meetings will focus on how immigration reform fits into his broader economic agenda. >>> homeland security secretary janet napolitano on monday brought that message to border security operations near san diego. >> our immigration system has been broken for far too long. time to fix it has come. time is of the essence. i believe the border is secure. i believe the border is a safe border. that's not to say that everything is 100%. >> today napolitano will visit the border in el paso, texas. the white house from the white house is immigration reform. yesterday the subject was guns with police officers behind him. the president called on congress to act. but then seemed to lower expectations for what will count in his head as a win. >> we don't have to agree on everythin
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in the rewrite. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> and so on this the 46th day since the massacre of 20 first graders and six educators in newtown, connecticut, it has come to this. father of newtown victim heckled at hearing. neil hesslin, whose six-year-old son, jesse, was shot to death at sandy hook elementary school, testifie
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on the economy, on small business, on immigration, on helping the middle class, on all of it, on every single thing they were asked about. the only two categories where latinos in swing states pick republicans over democrats is when they're asked who is more anti-immigrant and who cares more about helping rich people. republicans win on those two questions, being anti-immigrant and digging rich people. but democrats win on all of the rest of the policy issues. the exit polls from the 2012 electorate showed a latino electorate that was more liberal on gay marriage than the country as a whole. the exit polls from the 2012 election showed a latino electorate that is more supportive of abortion rights than the country as a whole. more supportive, not less. more. there is this myth that if republicans can just stop being so offensive to latinos in the alienating way they have talked about latinos as an ethnic group and as a political constituency, if they can just get mainstream on the issue of reforming the immigration system, just go along with the democrats on this, we'll just hold our nose and
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a day after we learn that gdp, that's the mesh shush of how well our economy is performing, contracted by 0.1%. here is how some of the financial media covered it. quote, the best looking contraction in gdp you will ever see. and, quote, don't freak out about gdp. so what's going on here? less government spending happened. primarily in defense. that overshadowed more spending on the part of consumers and businesses, which is what these reporters were actually looking at. for more we go to jared bernstein a senior fellow on the center of budget and policy priorities and jonathan capehart a political opinion writer for "the washington post." welcome to both of you. >> thanks, karen. >> okay, jared. you know i like to come to you with these kinds of things. say what? it's good but it's bad? explain that one to me. >> well, sure. i mean, i already knew we were growing slowly. in fact, i'd say too slowly. i didn't think the economy was actually contracting before yesterday's report for the fourth quarter of last year. and i still don't think it's contracting. i think there were anomalies in
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